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Global sawlog prices in the 3Q 2010 were almost back up to pre-crisis levels

Global sawlog prices in the 3Q 2010 were almost back up to pre-crisis levels

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Sawlog costs for many sawmills around the world went up during 2010, and the Global Sawlog Price Index reached the highest level in over two years in the 3Q/10, according to the Wood Resource Quarterly. The biggest wood price increases occurred in Western US, Germany, Sweden and Northwest Russia.
Sawlog costs for many sawmills around the world went up during 2010, and the Global Sawlog Price Index reached the highest level in over two years in the 3Q/10, according to the Wood Resource Quarterly. The biggest wood price increases occurred in Western US, Germany, Sweden and Northwest Russia.

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Published by: pr09pr on Jan 29, 2011
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05/12/2014

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Forest Products Market Update
- a news brief from Wood Resources International LLC 
Global sawlog prices in the 3Q 2010 were almost back up to pre-crisislevels, reports the Wood Resource Quarterly
 
Sawlog costs for many sawmills around the world went up during 2010, and the Global Sawlog Price Index reached the highest level in over two years in the 3Q/10, according to the Wood Resource Quarterly. The biggest wood price increases occurred in WesternUS, Germany, Sweden and Northwest Russia.
Seattle, USA.
Sawlog prices have trended upward in almost all regions of the world for the past two years. The Global Sawlog Price Index (GSPI) reached $80.88/m3 in the3Q/10, which was the highest level since the beginning of the financial crisis in late 2008,according to the Wood Resource Quarterly. The Index, which is based on prices for logs being processed into construction and better-grade lumber, is a weighted average of sawlogs traded in the open market in 19 key regions worldwide.The GSPI for the 3Q/10 was up 4.8 percent from the previous quarter, which is actuallyone of the largest quarter-to-quarter increases in 15 years. Compared to a year earlier, theGSPI was 12.8 percent higher. The price increases are partly the result of a weakeningUS dollar, but log prices have also gone up in the local currencies in most regions.Western and Eastern Canada are the only two regions that currently have lower log costsin the local currency than a year ago. The biggest increases occurred in the US Northwest(+43%), Germany (+28%), Sweden (+24%) and Northwest Russia (22%).Sawmills in North America, Latin America and Oceania generally have lower costs for wood raw-material than do sawmills in Europe and Japan. The lowest sawlog costs in2010 were found in Western Canada, Chile and Northwest Russia, while Austria,Germany, Japan and China stand out as the high-cost countries of the world. Theseregions have been on the high-end of the price spectrum ever since WRQ started trackingsawlog prices in 1995.The biggest change over the past decade has occurred in Brazil. Ten years ago, sawmillsin Brazil had by far the lowest log costs in the world, according to Wood ResourceQuarterly. This has changed in recent years, with prices rising closer to the globalaverage. Just in the past two years, log prices have gone up 23 percent in the country. Notall of the increase has been the result of the higher costs in the local Brazilian Real; someis due to the strengthening of the Brazilian currency against the US dollar.
Global timber market reporting is included in the 52-page quarterly publication Wood  Resource Quarterly. The report, established in 1988 and with subscribers in over 25countries, tracks sawlog, pulpwood, lumber and pellet prices and market developments inmost key regions around the world.

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